RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Nevsun Dismisses Baseless CriticismsI'm pretty much done with you. You are simply interested in continuing to re-iterate the NSU talking points over and over again on this board, and you have erased any doubts that you are a plant by NSU with your last post, which reads pretty much verbatim like an NSU press release. The https://www.abetterdealforreservoir.com/ website raises similar questions about the NSU bid, so both sides have some valid questions about the other, and all legit shareholders should do their homework and consider all the data avaiable.
You keep trying to break this down to a vote against the NSU deal equalling a vote for XGC, while I am sure you know that is not the case. All we are voting against at this point is the NSU deal in its current form, which will likely be the acquisition of RMC for somewhere in the neighbourhood of $8.60, I woukd think. Maybe Adrian Day, a long time shareholder who owns I think ~5% of RMC and obviously has an interest in maximizing his return can expain this better then I can:
thorgb1 wrote:
Reservoir suggests it’s worth more!
Although Reservoir accepted the Nevsun offer, the latest corporate presentation on its website supports the view that Nevsun’s offer undervalues Reservoir (though it doesn’t state that, of course), as does a very well-done video on the website (bottom of home page in middle, “The Cukaru Peki Deposit”).
One analyst who has followed Reservoir for a while has a 12% discounted NAV of C$15 per share…and that’s just for the upper deposit alone!
A rare opportunity that should be maximized
Deposits like this, and companies like Reservoir, come along only once in a while. For second and third-rate deposits owned by second and third-rate companies we would gladly and without hesitation accept a decent offer. With a Diamondfields…or a Virginia….and now with a Reservoir Minerals, realizing just how rare such discoveries, deposits and companies are, we want to maximize our returns.
This new twist offers us just that opportunity. The advertisement appeared just this morning, and I have had the opportunity only to skim the website. (I’m out of the office today.) Over the weekend, I shall study the proposal in depth and update thoughts and recommendations on Monday. Note: you will not receive any proxy to vote on the XGC proposal; only if the Nevsun proposal is rejected—and you should have received your proxy by now—can the XGC proposal proceed, or another offer, including perhaps a sweetened Nevsun offer, come forth. Scuttlebutt in Toronto suggests the XGC proposal buys time for another offer. The fat lady has not sung yet.